Newrez Appoints Industry Veteran Jay Jones as Chief Servicing Officer to Lead Next Phase of Growth and Technology Transformation
Newrez, the mortgage servicing subsidiary of Rithm Capital (NYSE: RITM), appointed 30-year industry veteran Jay Jones as Chief Servicing Officer, effective immediately. Jones will oversee the company's $879 billion servicing portfolio and lead the transition to ValonOS, an AI-native servicing operating system, beginning in early 2027. He previously ran the nation's largest servicing business at Rocket Mortgage and helped integrate the Rocket and Mr.
Key figures
- Servicing portfolio
- $879 billion
- Homeowners on platform
- 4000000
- Valonos transition start
- early 2027
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